International Banking Act


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International Banking Act

Legislation in the United States, passed in 1978, that requires American branches of foreign banks to abide by the same regulations as U.S. banks. While this increases regulation by mandating capital adequacy requirements and so forth, it provides FDIC insurance to foreign banks.
References in periodicals archive ?
The amended International Banking Act has now placed Vanuatu's international and offshore banks under the supervision of the Reserve Bank of Vanuatu.
This year, in addition to the installation of the new Board of Directors, FIBA will recognize Florida Representative Elaine Bloom, who was instrumental in the passage of the Florida International Banking Act of 1978.
Banco del Estado de Chile ("Bank"), Santiago, Chile, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 7(d) of the IBA (12 U.
Bank"), Tegucigalpa, Honduras, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (12 U.
In approving applications under the BHC Act and the International Banking Act ("IBA"), (7) the Board previously has determined that various banks in the United Kingdom, including Barclays Bank, were subject to home country supervision on a consolidated basis.
In approving applications under the BHC Act and the International Banking Act ("IBA"), (17) the Board previously has determined that various French banks, including BNP, were subject to home country supervision on a consolidated basis by the FBC.
HBOS Treasury Services plc ("Bank"), London, United Kingdom, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 7(d) of the IBA (12 U.
Macquarie Bank Limited ("Bank"), Sydney, Australia, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (12 U.
Hypothekenbank in Essen AG ("Bank"), Essen, Germany, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (12 U.
Board orders issued under the Bank Holding Company Act, the Bank Merger Act, the Federal Reserve Act, and the International Banking Act are issued as attachments to press releases, which are available from 1996 on the Board's web site at www.
Applications approved under the Bank Holding Company Act, the Bank Merger Act, the Federal Reserve Act, and the International Banking Act are listed in the Board's weekly H.
The Legal Developments section of the quarterly Bulletin will contain Board orders issued under the Bank Holding Company Act, the Bank Merger Act, the Federal Reserve Act, and the International Banking Act.

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